Quote:
Originally Posted by Konda
If you use a processor like BitPay or OKPay you always get the amount you charge.
Let's say you charge $100 for your product.
When a customer buys something the amount of BTC they will pay is always the amount that matches the $100. So it could be 1 BTC one day, 5 BTC the other day, but it will always be $100.
And with systems like OKPay you can automatically convert the BTC to USD after every sale, so you have no risk of the exchange rate changing, because it has already been converted to USD in your wallet.
So as long as you use a processor that charges the equivalent of your charge in BTC at the current exchange rate and always convert the BTC to USD immediately after the sale the fluctuating exchange rate has hardly any influence.
|
Ah okay i was not aware BitPay did it like that. I was under the impression that they kept the funds in BTC until you executed a sell order to USD